Bad guys go free, compliant Canadians burdened with new trust rules

Breadcrumb Trail Links Taxes Personal Finance Kim Moody: The rules will miserably fail at achieving their objectives Published Jan 16, 2024  •  Last updated 1 hour ago  •  5 minute read Simple and routine scenarios such as co-signing for a child’s mortgage or including yourself on your aging parents’ bank accounts may create a bare trust … Read more

Here’s how Canadians are coping with higher interest in 5 charts

Breadcrumb Trail Links Personal Finance News Economy Debt Costs of paying down debt climbed to record while net worth declined Published Dec 14, 2023  •  Last updated Dec 21, 2023  •  3 minute read Pedestrians walk down St. Catherine Street in Montreal. Photo by Ryan Remiorz/The Canadian Press files Article content Canadians continue to be … Read more

Bank of Canada interest rate moves key to Canadians’ outlook

Article content The Bank of Canada holds the cards for a better year ahead after Canadians’ personal finances were hit hard in 2023, according to the latest version of a multi-year survey of household finances and the state of the economy. People are now in a much worse situation than they were at the end … Read more